Shares of Cintas (NASDAQ:CTAS) have been assigned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $166.10.
Several analysts have issued reports on the stock. KeyCorp restated an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Robert W. Baird restated a “buy” rating and issued a $200.00 price target on shares of Cintas in a research report on Friday, March 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley raised their price objective on shares of Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st.
Several large investors have recently added to or reduced their stakes in CTAS. Belpointe Asset Management LLC lifted its holdings in Cintas by 11.7% during the 4th quarter. Belpointe Asset Management LLC now owns 3,056 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 319 shares during the last quarter. MML Investors Services LLC lifted its holdings in Cintas by 7.6% during the 4th quarter. MML Investors Services LLC now owns 4,900 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 347 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Cintas by 61.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Cintas by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 374 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Cintas by 1.0% during the 4th quarter. Arizona State Retirement System now owns 46,020 shares of the business services provider’s stock valued at $7,171,000 after purchasing an additional 439 shares during the last quarter. 66.44% of the stock is owned by institutional investors.
NASDAQ CTAS traded down $2.01 during midday trading on Friday, hitting $170.16. The company had a trading volume of 403,920 shares, compared to its average volume of 605,525. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.85. The firm has a market capitalization of $18,374.14, a price-to-earnings ratio of 37.56, a P/E/G ratio of 2.46 and a beta of 0.90. Cintas has a fifty-two week low of $119.54 and a fifty-two week high of $178.34.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. sell-side analysts expect that Cintas will post 5.82 earnings per share for the current fiscal year.
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Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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